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2902 W Deyoung St
Marion, IL 62959
Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • The subject property is leased to Cellco Partnership dba Verizon Wireless, a subsidiary of Standard & Poor’s “BBB+” rated Verizon Communications, Inc
  • Long term triple-net (NNN) lease with no landlord responsibilities and a 15% rent increase every 5 years in the option periods
  • Verizon Wireless extended their lease early for an additional 7 years and has successfully operated at this location since 2000
  • The Subject Property is Shadow Anchored by Target, Home Depot and a Walmart Supercenter
  • Outparcel to the massive mixed-use redevelopment project of the former 600,000 square foot Illinois Star Centre Mall
  • The property has a unique and appealing modern building design with an abundance of glass

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
4,320 SF
Building Class
C
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.85 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-10-301-038
Land Assessment
$102,250
Improvements Assessment
$208,800
Total Assessment
$311,050
  • Listing ID: 27602068

  • Date on Market: 1/26/2023

  • Last Updated:

  • Address: 2902 W Deyoung St, Marion, IL 62959

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